Gibson Dunn Helps CVC Capital Nab $1B Stake In AlixPartners

Law360, New York (April 24, 2012, 1:04 PM EDT) -- Investment firm CVC Capital Partners will take over majority ownership of AlixPartners LLC, the Michigan business advisory firm announced Tuesday, in a sale with a reported price tag of at least $1 billion.

The firms expect to close the deal sometime this summer. Specific financial terms of the sale were not disclosed, but according to the New York Times, the transaction would likely rake in $1 billion or more. Representatives for the parties declined to confirm that estimate to Law360.